Ed

So, you know, we've been balancing this US versus China argument all year, and it's beginning to become less clear what's really happening, because now you've got the S&P back up above where it was before Liberation Day. So the whole global rotation thesis, I would say, is on hold for now. I'm not sure if it's dead,

So, you know, we've been balancing this US versus China argument all year, and it's beginning to become less clear what's really happening, because now you've got the S&P back up above where it was before Liberation Day. So the whole global rotation thesis, I would say, is on hold for now. I'm not sure if it's dead,

So, you know, we've been balancing this US versus China argument all year, and it's beginning to become less clear what's really happening, because now you've got the S&P back up above where it was before Liberation Day. So the whole global rotation thesis, I would say, is on hold for now. I'm not sure if it's dead,

But I think just if you look at just pure earnings growth, forget the multiples, I think there's a lot happening in China. I think there's a lot of reasons to be bullish. I agree with all of that. We'll be right back after the break with a look at the Republicans' tax bill. If you're enjoying the show so far, hit follow and leave us a review on the Profiteer Markets feed.

But I think just if you look at just pure earnings growth, forget the multiples, I think there's a lot happening in China. I think there's a lot of reasons to be bullish. I agree with all of that. We'll be right back after the break with a look at the Republicans' tax bill. If you're enjoying the show so far, hit follow and leave us a review on the Profiteer Markets feed.

But I think just if you look at just pure earnings growth, forget the multiples, I think there's a lot happening in China. I think there's a lot of reasons to be bullish. I agree with all of that. We'll be right back after the break with a look at the Republicans' tax bill. If you're enjoying the show so far, hit follow and leave us a review on the Profiteer Markets feed.

We're back with Profiteer Markets. House Republicans' new tax plan cleared its first hurdle last week, with the House Ways and Means Committee voting to advance the bill. The plan includes several major provisions, including increased defense spending, cuts to federal Medicaid funding, and a higher exemption for the estate tax.

We're back with Profiteer Markets. House Republicans' new tax plan cleared its first hurdle last week, with the House Ways and Means Committee voting to advance the bill. The plan includes several major provisions, including increased defense spending, cuts to federal Medicaid funding, and a higher exemption for the estate tax.

We're back with Profiteer Markets. House Republicans' new tax plan cleared its first hurdle last week, with the House Ways and Means Committee voting to advance the bill. The plan includes several major provisions, including increased defense spending, cuts to federal Medicaid funding, and a higher exemption for the estate tax.

The bill is still in the early stages and is likely to undergo changes as it moves through Congress. House Speaker Mike Johnson is aiming to send it to the Senate by Memorial Day. I'd like for us to really investigate this, because, you know, I think about everything that we've talked about over the past few years, and I specifically think about your TED talk.

The bill is still in the early stages and is likely to undergo changes as it moves through Congress. House Speaker Mike Johnson is aiming to send it to the Senate by Memorial Day. I'd like for us to really investigate this, because, you know, I think about everything that we've talked about over the past few years, and I specifically think about your TED talk.

The bill is still in the early stages and is likely to undergo changes as it moves through Congress. House Speaker Mike Johnson is aiming to send it to the Senate by Memorial Day. I'd like for us to really investigate this, because, you know, I think about everything that we've talked about over the past few years, and I specifically think about your TED talk.

And it was the most popular talk of the year. We're seeing more and more discussions about these issues. We even had a week ago where Trump said that he was okay with increasing taxes on the rich. But I look at this plan here. This plan basically does the opposite of everything we have advocated for in the past three or four years. And I'm seriously not being political or sensationalist here.

And it was the most popular talk of the year. We're seeing more and more discussions about these issues. We even had a week ago where Trump said that he was okay with increasing taxes on the rich. But I look at this plan here. This plan basically does the opposite of everything we have advocated for in the past three or four years. And I'm seriously not being political or sensationalist here.

And it was the most popular talk of the year. We're seeing more and more discussions about these issues. We even had a week ago where Trump said that he was okay with increasing taxes on the rich. But I look at this plan here. This plan basically does the opposite of everything we have advocated for in the past three or four years. And I'm seriously not being political or sensationalist here.

It genuinely... does the opposite of what everything we've been talking about. I'll just go through a few of them here. For starters, massively increases the deficit. It's going to reduce federal revenue by $5 trillion over 10 years. Does not make up for those losses with spending cuts. There are cuts, but we'll go over them. The cuts are very misguided. So what does that mean?

It genuinely... does the opposite of what everything we've been talking about. I'll just go through a few of them here. For starters, massively increases the deficit. It's going to reduce federal revenue by $5 trillion over 10 years. Does not make up for those losses with spending cuts. There are cuts, but we'll go over them. The cuts are very misguided. So what does that mean?

It genuinely... does the opposite of what everything we've been talking about. I'll just go through a few of them here. For starters, massively increases the deficit. It's going to reduce federal revenue by $5 trillion over 10 years. Does not make up for those losses with spending cuts. There are cuts, but we'll go over them. The cuts are very misguided. So what does that mean?

Larger deficits, more debt, increased interest payments. We're screwing over the next generation of Americans who are going to have to pay the bill when... Our parents and our grandparents are all dead. The carried interest loophole is staying. Trump talked a big game about getting rid of it. This nonsensical tax break for private equity, it's staying in there.

Larger deficits, more debt, increased interest payments. We're screwing over the next generation of Americans who are going to have to pay the bill when... Our parents and our grandparents are all dead. The carried interest loophole is staying. Trump talked a big game about getting rid of it. This nonsensical tax break for private equity, it's staying in there.